They May cut dividend at some point but the price is rock bottom with limited risk. im gonna try and get this at 5 bucks and sit on it forever.
On the fundamental side: - Mgmt reaffirmed dividend of $1.4/sh, ~22% yield. DHT has been consistent with its dividend for 42 consecutive quarters. - DHT is rather insulated from most economic downturn. One key assumption we have is that we will not see another pandemic quarantine lockdown on the scale of what we saw in March/April. Other than that, DHT actually...
DHT could be a long play, looking at historical S/R and RSI.
DHT has arrived at major support, so I will be monitoring it's behaviour very closely here. IF signs of holding support, I'll be looking for a buy entry.
So the first thing I want to show you is this: In the 'old' days, this stock was trading at well over USD 42,- and since then has made a free fall to the range where it is now. This means relatively little resistance once we break above the top of this cup around 8.90. First stop only at 12 and second at around 18. So pretty interesting on the up side. Now...
The idea is based on a double bottom. W is clearly visible. 12.5% dividend bonus. Entry price - 6.30 TP1 - 6.45 +2.38% TP2 - 6.86 +8.91% TP3 - 7.08 +12.36% SL - 6.01 -4.76%
It seems like the DHT is at a consolidation phase. The current price seem to be at the long and mid term low.
DHT bouncing off of trendline for the third time. The 5 min chart is showing a descending triangle, which is technically a bearish signal, so I am going to wait for a bit to make sure that the price holds above the trend line. I hope to get in below $6.40. I'm willing to risk about 4.5% on this, which gives me a risk to reward of about 6.5 if all goes well.
In supplementing mah boy Sajal's bullish fundamental analysis on DHT, I did some TA just to confirm the uptrend. It's looking pretty good based on 2 things here: Fibonacci retracement and Stoch RSI. Fibonacci retracement shows bounce at 32.8% line (or $7.73), you can backtest to see the gain from previous bounces =$$$. Second, the Stoch RSI indicator is about to...
Interested to see what earnings does to DHT. I have my eyes on an $8 gap to fill, but not fully confident it will get there this week. Long term play for this guy. I think its got some potential through this year.
As I had predicted based on the Stochastics on Sunday, DHT had been fairly overbought (above 80). We are currently moving into a more middle ground going into the earnings. Look to DCD or buy in somewhere here. Yes there are certainly things that have stepped in additionally, with the oil news surplus (Meanwhile, the build-up in inventories was less than...
DHT lacking volume right now. 7.63 is a support level, but a break below here could mean a slide further. Hope we rebound up back above 8 today.. Still think this is a longer term play with good upside. Earnings report 12 days from now.. IF it slides lower i will be adding to my positions
I think DHT is a longer term play here. If you are looking to scalp in the short term you might be disappointed.. In quite a few September call options right now that i feel good about still..